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20131210
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to our economic, to the way our economy functions, that is, with banks having the opportunity, banks and other financial institutions having the opportunities to criticize what the government is suggesting, but, also, to our political system because the public then will not get the kind of feedback about what the government is doing that they can only get from the regulatory, from the regulated industries. so that's, those are the two policy issues that come out of this very, very heavy settlement that the government exacted from jpmorgan chase. thank you. >> thank you, peter. i mentioned earlier that we had intended a fourth statement but we were not able to complete that in time given the weather conditions. we'll send it to you by email but he wants review part of it before that. >> it's a simple statement. we had technical difficultyings with a missing e copy. it is a comment on a letter by four resolution authorities in four different leading countries to isda, international wall dealer association. changing master agreements to facilitate bank resolution. when they realize if a
the culture of institutions like universities and the american economy and diplomacy and patterns of development. and this is what might be called subtle influence and what they have been able to do through their subtle power and exercise of this power, they can create a set of conditions and a set of structures, whereby it can exert this in subtle ways and through the international investments and its careful pursuits of hedging is a foreign-policy initiative. through its very deliberate effort as the al jazeera tv station represents. and qatar is extremely active in branding itself and through a very aggressive advertising campaign. you will see advertisements by the national carrier a part of the foundation in a whole variety of interests that will help create these conditions. and needless to say, this is extremely important. and to so let me end, if i may. with a passage from the book's conclusion, which in many ways points to some of the upcoming challenges that they are likely to face. unfortunately they did not wait for the book to be published before they decided to retir
sure our economy works for every working american. it's why i ran for president. it was the center of last year's campaign. it drives everything i do in this office. and i know i've raised this issue before, and some will ask why i raise the issue again right now. i do it because the outcome of the debate we're having right now, whether it's health care or the budget or reforming our housing and financial systems. all of these things will have real practical imply cage for every american. and i am convinced that the decisions we make on these issues over the next few years will determine whether or not our children will grow up in america where opportunity is real. now, the premise that we're all created equal is the opening line in the american story. and while we don't promise equal outcomes, we've strived to deliver equal opportunity. the idea that success doesn't depend on being born in to wealth or privilege, it depends on effort and merit. with every chapter we've added to the story, we've worked hard to put those words in to practice. it was lincoln a poor man's son who star
that protects our economy and ensures our government can continue the work of the people. i'm not going to talk about each of these things individually other than i think it is so shortsighted what the republicans are doing regarding the s.g.r., or physician payments for medicare. there's money to take care of this, mr. president. a number of different sources, not the least of which is the overseas contingency funds. we had money set aside for the wars in iran and afghanistan. they are being phased out. there is still almost $1 trillion left. i cannot understand why the republicans refuse to use that money. no one except the republicans oppose closing these loopholes, these tax loopholes. it is only the republicans in congress that oppose them, not republicans around the country. these loopholes are so big, you could drive the biggest vehicle in the world through them, mr. president. but we're where we are. despite the cost of the republican shutdown this fall, last week's jobs report proves the american economy continues to gain steam. private sector businesses have added more than eight mill
in the economy of private sector job growth after plunges of the economy, after bear stearns went down and then lehman brothers went down, and of course we were in a financial death spiral. and little by little, we are coming out of it, and of course the news just announced last friday on the jobs report gives us another indication that the economy is really beginning to take hold. and we see that in the confidence that's being expressed. we see that in the real estate market. we certainly see that in the financial markets in new york. but let me give you another piece of good news that most people would not really think about. there has been a discovery of a former martian lake that as we reach out into the cosmos trying to find any indications of life, scientists are now thinking that this martian lake might have harbored life billions of years ago, about the time that some of the scientists suggest that small particles of life might have started on this planet. and if this proves out and we're going to mars, not just with robots, eventually in the 2030's, we'll go with humans, and w
in order to grow the economy out of the current debt. you need to have the stimulus. but not just in banks and others, but others who have the safety net and those who spend the vast proportion of their income. and as i will show you, we will see that a lot of safety nets actually preserve the business to pay off longer-term debt. and the imf did recognize this after the staging crisis occurred. it was the first time a formal apology was issued and it took five years, one of the most dramatic apologies of the international institution possible. coming to the current recession, we see again a vast divergence across the country and you might have heard recent reports that alcohol drinking has gone down with the recession in the united states. and that is a bit disingenuous. it's alcohol sales that has gone down. and drinking has sort of emerged across the country and most people have bought less as they have less money in their wallet. but a smaller population, particularly young men, have either had trouble finding work or were unable to maintain work and have started frequent binging. and
to try to take the steps to try to get the economy going on in consistent basis and bring unemployment down. he is going to propose a number of tax cuts or tax preferences as well as spending increases to try to do that and that may exacerbate the short-term but then he pivoted which i think is important to talk about the structural deficit. and that is what threatens the state. it's not the ice that is above the water. it's the ice that is below the water. it's not the debt on the balance sheet, it is what is off the balance sheet that disrupts the future and he talked about three things, he talked about freezing a portion of discretionary spending, less than 20% of the federal budget for three years. three years is better than one book, and you know, frankly it is a modest first step especially since discretionary spending has increased 20% plus over the last two years in the second we talked about supporting the pedro rule the senate might be voting on right now. there's lots of holes big enough to drive a truck through and on the other hand it does provide some come strains that ot
-business owners leave the law will have a negative impact on their business. our challenging economy many small business owners are simply not hiring or are reducing worker hours to avoid the employer mandate. thank you to this outstanding panel of witnesses who have taken time from their busy schedules to be here today. we do look forward to your testimony. i now yield to ranking member velazguez for her opening statement. >> thank you mr. chairman. small businesses are that don of our economy but in the past, higher health care costs and declining coverage have hindered small business owners under employees. this has hampered our nations entrepreneurial prowess and held back small businesses. in fact the chairman mentioned the u.s. chamber of commerce has conducted surveys about small businesses asking them what is the main issue that they are concerned about? they talk about the cost of health insurance, to be able to provide and in fact 62% of small businesses in this country provide no health insurance to their employees, their families or themselves. so if anything, this law will enable s
's the origin of the economy. what
't create a pro-growth, pro-middle-class economy. and no less than the new pope has now started speaking out about this. when our country had a burgeoning middle class, it's because we had a shared prosperity. now what we're seeing is the opposite. >> can you tell us roughly how many members you have in detroit and how many have been illinois? >> i could if i -- i'm going to give you a paris-roubaix just. in detroit, we have come in detroit itself we have about three, 4000 members. in michigan we have about 15,000 -- i think about 15,000 members. and in illinois we have said probably somewhere around 40,000 members, maybe 50,000 members. [inaudible] >> 19,000 is the average retirement that somebody gets. and in wisconsin, the average retirement that a public employee gets around the country is about 24, $26,000 to the other thing, think about it, every time a retiree, every time someone spends a dollar of the pension, it creates about $2 change, i think $2.37 in economic output in making the. are we going have a pro-growth, pro-investment, pro-middle-class economy? are we going to keep havin
on the website, go to c-span.org. the u.s. economy added 203,000 jobs last month in the unemployment rate fell to seventh that is the lowest since november of 2008 and exceeds analysts predictions. the department releasing figures earlier today. house speaker john boehner released a number on the jobless number and said in part the report includes positive signs that should discourage the calls for more emergency government stimulus and instead with the economy needs is more progrowth solutions to get the government out of the way. begins when out at the end of the year unless congress oks the extension. yesterday the democratic steering committee held a hearing about the issue and heard from several people who face the loss of unemployment checks. here is a part of that meeting. >> i have worked my entire adult life having had three jobs i whole career. and i've never been on employed until now. as soon as i lost my job, i immediately began my furious search for employment and began navigating the world of online board, job boards and diligently networking. my goal was to place my resume in t
that continues to maintain the availability of inexpensive natural gas that strengths the economy as well as help us reduce air emission. >> i appreciate that. i think it seems like a reasonable response. someone who asked you environmental law far long time. please, do what you can to work with the administration. so we don't have overlapping of potentially inconsistent regulations. very frustrating for the public. we want it to be done responsibly and in a way people can understand. thank you for being here. thank you, mr. chairman. >> thank you, mr. peters. >> the gentle mab from arizona. >> thank you. i only had two things i wanted to walk through. everyone in the committee with us here yesterday. i'm sorry, you're going hear the same stheem again. the large data bases that are used particularly in things like pm10 which is a big deal in the desert, southwest we have the thing called dirt. without grass on it. so it really does affect our lives. down to the individual -- because you and i know with all other type of data. you are a social an throw polks when you were being vetted and doing y
. also, is this economy the best we can do? or can we get a breakout liberating this once again, to be the most dynamic income society in the world. also, are we going to continue to steal from our children and grandchildren, or is it time to get to a balanced budget by changing the government. the other issue is that it is not revel in right now or today and is the current policy of weakness and confusion really very reliable as a national security policy, or is the world dangerous in this way? the nature of the world, you remember that they can get on the front burner all the time. but that should be our national conversation. we should say to every democrat and republican and libertarian and socialists. this is the best that you think that america can do? and let me put it into context. sometimes i am impatient with my friends in washington. the recently the internal revenue service announced that it has spent $4 billion last year on crooks. it has sent that to crooks, refunds for your taxes. when i say the crooks, 585 checks were sent to one address in singapore. [laughter]
of their economy, and so it's led to as it has here this incredible divide between those who have and those who don't. and many of those who don't tend to be the young people. and jonathan is this young boy who, when you meet him, is essentially homeless. >> yeah. he's living -- >> and very troubled. >> living on the street, sleeping in an alley when i first peat him. having run -- meet him. having run away from a township known as atlantis. not the miraculous place, but rather a very real place that was part of the formal process of apartheid was removing people, eliminating the black spots from places like capetown. people were pushed out, in this case about 40 miles away from capetown, concentrated in areas where there was no industry ask the rest of it. -- and the rest of it. so we understand what spatial apartheid looks like in chicago. formal apartheid in which that kind of separation was imposed by law. and be as a result of that, predictable results. the only industry there is the drug industry which jonathan had come up in. his step dad was a big dealer, and he had run away to the streets.
economy in the first place. [shouting] >> harriet harman. >> he talks about recovery and there might be a recovery for the rich but for everyone else -- [shouting] he won't stand up for the week, but when it comes to being a loyal deputy to a tory prime minister, he will go to any length, breaking promises and sellout in the principles. and the truth is that if you want to freeze energy bills and scrap the bedroom tax commits not going to be the tories to it will never be the lib dems. it's got to be labour. [shouting] >> mr. speaker, thank you there's not a government in waiting, not even in opposition in waiting. it's 18 months before the next general election. we still have no clue from those six questions with the labour party will actually do. we do know a few things. and energy con which would see prices go up rather than down. no apology to crashing economy in the first place. and a total failure to stand up to the trade unions office. mr. speaker, if they can't manage to come up with some sensible policies, if they can't manage their own party, why should anyone think that th
to ask ms. walker on another issue as far as the trend of basically a part-time economy. the new hires, according to the department of labor. i didn't know they were that bad. in this economy, four out of five new jobs, was that the figure you had, created are part time? >> for every one full-time job that's created, there's four part-time jobs created. >> okay. so when you average the hours, that's not quite four to one. four out of five new jobs. >> and the thing that -- well, that's surprising in and of itself to me. but the trend. and i'm not sure whether it was 2010 to 2012 or what with the years were, but the trend, it's flipped. used to be six full times to one part time versus one to four. >> that is really a devastating figure. it's not devastating for us in this room. it's the folks out there looking for a job, particularly young people, which have been the most devastated in this lack of long-term economic recovery. can you describe a little more what happens and basically this part-time economy, you know, where you're trying to work around, trying to avoid these mandates. p
economy and probably most important, really, really make sure that we give and figure out how to enable all kids to have the opportunity to not only dream their dreams, but achieve them. >> and we are live this morning awaiting remarks from treasury secretary jacob lew on implementation of the dodd-frank financial regulations law. he will be introduced by former fdic chief sheila bare. one to -- sheila bair. one of the regulations still to be finalized is the so-called volcker rule. regulators are scheduled to meet next week to discuss and vote on the final version of that rule. the pew charitable trust is the host of this event, it should get upside way in just a couple of moments. this is live coverage on c-span2. .. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] >> once again we are live from the pew charitable trusts in washington, d.c. for remarks from treasury secretary jack lew on implementation of the dodd-frank financial law. he is expected in just a moment. live coverage here on c-span she. whil
to moderate income americans face today in trying to earn a livelihood in today's economy. of we work with a variety of local initiatives and institutions that are developing new strategies, that are sport supporting the economically vulnerable and trying to promote their economic success. and as part of this work, we've been hosting a series of conversations that bring together diverse perspectives from policy, academia, business, education and other spheres to discuss the challenge that low income americans face today and and to think about new ideas that can address these challenges and help move us forward. today's conversation focuses on the potential of microenterprise to address the jobs that fit in today's economy and draws on research and policy analysis developed as part of the big ideas for jobs series that is supported by the casey foundation and the kellogg foundation. and we're particularly grateful to the casey foundation for their support of today's event, and i want to acknowledge bob and -- [inaudible] who are here with us today. and to start us off, i am delighted t
with the concept of drawing like this quick. >> i've done 140 covers for the economy seemed about 4,000 cartoons, so there is a little different process for those. the cover i'm working with the editors because they believe the story of the day they often call me on a monday and say we think we are doing something like this. and then when we sign off i have 36 hours to complete the whole project. when i do my political cartoons that iit is more like a column e it's my own idea on a story of the week ended the ninth coming in with the idea and i will present it to them. one of the things about being a political cartoonist, which i would like to think is different than all of my other journalistic colleagues is that i had to cover local cartoons, local and international. the world is my oyster. so keeping up with everything is the hardest part of the job. of course the web is fantastic. if you read all the time, watching c-span you are doing all this great stuff its never-ending keeping up with the news. >> host: how long did it take you to draw the cover of "daggers drawn"? >> there were a lot of
as an economy in growth and per capita terms that all of the major economies for a system that delivered less effective outcomes for a smaller percentage of our population. in short, quoting somebody i know well, we were spending more each year and getting less. our economy suffered, families suffered, and all of it was unnecessary. as president obama has said, fighting to deliver quality, affordable health insurance and the security that comes with it to every american is paramount. this is about making sure that everyone in the united states gets a fair shake, and it's about the economic imperative as we continue to rebuild our economy and build a better bargain for the middle class. that's what the affordable care act does, by using touchtone american values of transparency and competition to improve health care protection, and affordability to those americans who already have insurance, and to provide new affordable care options for consumers who either don't have it or want to switch their insurance. we finally put in place real solutions that have been at work for generations, and we wi
economy but with the confusion that has occurred but certainly where bobby did agree in the end they were going too far. >> don't forget before kennedy assassination as site jordan rapprochements but you could elaborate but it as part of kennedy is he would make an arrangement with castro. >> he did at that point and that comes with it. >> i would like to talk about this relationship of the difference between john kennedy and bobby kennedy. in the event he felt he was more close to bobby kennedy and jack kennedy. he was tough to get close to but he said john kennedy was a realist. robert kennedy at the heart of bobby kennedy he felt the problems of the issues of the country. john kennedy figured out if his mind. >> don't you seek bobby was much more because of what he had dead throat? like the assassination? >> john kennedy had the katy one '09 experience. >> but i take his life to take koldewey remember watching bobby and i was on the trail and the fall of the politicians know one changed as much as he did in my judgment. in the end he could still we the tough guy with all of those out t
be seen as competitors for jobs as well and with the turn in the economy it's coincidence this took place in 2008. i did a lot of investigation into hate crimes and that kind of goes hand in hand. so that is how they are making a living. some women work in homes taking care of the cleaning and babysitting. >> i don't know if you heard there is a student group in texas today they took the program off but what shocked me is the head of the student group was actually looking out. his name was garcia. to me it was shocking knowing that they decided that this would be a good idea. did you find any hate among the groups you talk to? >> i didn't find hate but one of the attackers his mother is african-american and his father is puerto rican and what i learned in reporting this book is, while i think we know already people tied to humanity to those that we know. it's not different for example with black-and-white. it's like my best friend but i don't believe in whatever. so it's kind of they were comfortable in their own world because they knew each other and spoke the same language literally and
's leadership is focus on what most people's priority is which is creating jobs and getting the economy to turn around and long-term issues and get a handle on the safety net programs like social security and medicare. that is the appropriate role for the government and i think most americans agree. which is why they reelected president obama. >> do you think richard's concern? he feels it is being put on him. is that a fair concern? >> i really don't. in this case, accusations like he unfortunately chose to do isn't constructive. i wish folks like him would step back, listen and engage in dialogue and understand the other side's point of view. when you here talk like his, it is evident he is watching fox news and gets the information mostly from right-wing conservative sources and isn't open to other points of view. and that is why i wrote the book. hopefully someone finds a way to see we have to try to work together and not dig in so hard and accept everything we hear from one side or another. >> putting on your political hat for a moment. the rollout of the health care website: has it hurt
that really connect what is now the information economy in the united states. we're seeing data traffic on our wire line networks increase at the rate of 40% per year, and it's wire line networks that connect all forms of communication whether they originate in a wire line environment or a wireless environment. so, yeah, i would say america's future is a wire line future. >> host: joining our discussion is howard buskirk of "communications daily" where he serves as executive senior editor. >> you've already talked about the move to broadband, and one of the things the fcc is looking at is ip transmission. do you feel to date the fcc is moving quickly enough in that area? i think there have been some concerns about that process taking a little bit long. >> guest: well, i applaud the commission for establishing the transition task force. i think it's extremely important that we have a managed transition to ip. the commission and the department of commerce worked very well together in this transitioning us from an analog world to a digital world when it came to broadcasting. you all will require
difficult to forecast exactly one that is going to be. in part because the economy is -- it is a little bit more strong. as a result that extends the time in which the treasury -- atment can do things some point congress is going to have to do that. i suppose the earliest it could possibly be is february. it is much more likely that it is sometime in spring or the beginning of the summer. then you are going to get the debate over -- we should look at tax hikes, changes in entitlement. it is hard to see how they are going to get any agreement on those areas. particularly in election year. the house is expected to adjourn for the year on friday and the senate shortly after. a lot of high-profile legislation still hanging in the balance. it is the list of what is likely to make it through the 113th congress. i think the only thing that is likely to get through is the defense authorization act. will see what gets included. one thing we will be watching is to see whether any legislation sanctioning iran is added to that bill. the administration is doing everything it can to prevent congress from
the modern capabilities we've got? that's number one, because you can't avoid it. two, is this economy the best we can do, or can we get a breakout to the pioneers of the future liberating us once again to be the most dynamic, full-employment, high-income society in the history of world? three, are we, are we going to continue to steal from our children and grandchildren, or is it time to get to a balanced budget by fundamentally changing the government? and then the other issue which i list as a half issue because it's not relevant right now every day, but it could bite us at any time, and that is is this, is the current policy of weakness, confusion really a very reliable national security policy, or is the world dangerous, and do we need a much more coherent foreign and national security policy? that's not on the front burper right now. unfortunately, the nature of the world as you remember 9/11, that can get on the front burner every morning. .. these are in refunds. this is the refund for your taxes. when i say crux, they send 585 checks to one address in singapore. they said over
coming in to get to the mining district they need things. and that is the origin of the economy. what really changed, major change, was when the fort was finally closed in 1898 and when they discovered a different route into the mining district and people didn't have to go on steamboats anymore. this town was about to go under. and no body knew this, but while all of this was going on, there are federal surveys going on in the entire pacific northwest determining what is the timber in this region and that is the white pine. mil a report was made from the survey in 1898 the year the fort was closed, that report was made public. and all of the major timber companies came to this area. so that is really what produced -- when you walk through the town today, that is a town that was produced. the town's population was 500 in 1900 by 1910 there were 18,000. it is a modern, progressive city today. tourism is a big part of the economy. the timber industry is still volleybal valuable. mining has had problems. we wanted diversity as the main focus. because in the past it was mining and logging.
at several book withs that have recently aired on booktv about the u.s. economy and visit booktv.org for this weekend's television schedule. >> next on booktv, andrew and stephen schlessinger present a collection of letters from their father. arthur schlesinger jr. was a special assistant to president kennedy, and his letters include correspondences with the kennedy family, lyndon johnson, henry kissinger and william f. buckley. this is about an hour. [applause] >> well, welcome, and thank you for that nice welcoming applause. and i want to thank you all for joining us for what i know is going to be a very special evening. as many of you know this year, vanderbilt welcomed john meacham with, i would say, wide arms and a very warm embrace as a distinguished visiting professor. [applause] and i think john has done well, and i hope we can take the visiting off pretty soon. [laughter] i would say that our political science students are just thrilled to have such a unique opportunity to learn from this accomplished historical scholar and celebrated to have. john's most recent book,
economy. it is an important part of our way of life. host: this has been an ongoing saga over this farm bill. back in january of this year, the congress extends the farm bill until september 30. senate passes the farm bill, house passes its own farm bill. what is holding up negotiations? guest: we have been working on it for over 2.5 years. we have had a number of hearings. bringing experts in, learning a little bit more about what is working, what is not working. then we went through the normal process here it we collect regular order in congress. going through the committee process. in the house and the senate. we took those to the floor. the first version of the house bill did not pass the house floor. we divided the baby, so to speak, and did it into pieces. when you do regular order, we have allowed people to provide minutes. we have a lot of debate and discussion. i think we are closing in on getting a good farm bill. host: where will you come down on food stamps? the house republicans wanted $40 billion cut over 10 years. the senate, $4 billion. guest: first, let me say this. it
as competitors for jobs as well, and with the turn in the economy, which began in 2007, it's not coincidence these crimes took place in 2008. it tends to happen. i did a lot of investigation into hate crimes, and that kind of goes hand-in-hand, and so that did not -- that's how they make a living there mostly. lop work, a lot of them. some women work in the homes, you know, not unlike what they do here in new york, taking care of the cleaning and babysitting. >> today, they took a program off, but what shocked me is that the head of the group was latino, name is garcia. >> the student group? >> that came up with the thing. >> uh-huh. >> is he is latino. what, to me, it was shocking knowing that that was -- that was specifically that by a latino decided this would be a good idea. did you find any self-hate among the groups that you talked to? >> i didn't find self-hate, but one of the attackers, his name was jose, and his mother is african-american and his father is port puerto rican, and what i learned in reporting this book is what i think we know already. people are kind to humanity to tho
that have the largest challenges this attaching to our economy. so we don't have a date for that yet, but we're going to set it. we're working on it. and so we'll send invitations out to all of you again since you've been with us today, so look for that in the next couple of weeks. thank you again for joining us today. have a happy thanksgiving, and shop small business on saturday. [laughter] [applause] [inaudible conversations] >> today the leader of french opposition party talks about france and the rest of the international community. he'll discuss a range of issues including the eurozone crisis and his country's refusal to sign off on the recent iranian nuclear deal. we'll have live remarks beginning at 6:30 p.m. eastern here on c-span2. >> i didn't get the idea for the for dummies series. i had an idea to do a beginning book about computers, about dos b specifically, and i kind of inspired myself to do that just dealing with people in magazine editing job i had and being on the radio at that time and being out in the public and talking to people about computers. it was obvious that peop
a healthy economy. but we also want a healthy quality of life for citizenry. epa staffers have played a critical role in achieving these goals since its inception. as members of congress, i think we should strive to educate eric h. units, not scare them. i hope today i can resist the temptation to try for provocative soundbites from my district and instead use today's hearing to better understand what epa has been tasked to accomplish, howard is doing on those tasks and how we in congress can help it do it's job market really. administrator mccarthy, i know you have a very tough job and i want to commend you for your willingness to take it on its side of all the hurdles to you in your agency face. i look forward to your testimony and i look forward to working with you to help epa achieve the goals that the nation has asked us to carry out. i thank you you know that my time. >> thank you, ms. johnson. members can submit them for the record and they will appear at this point. or witness today's the honorable gina mccarthy, administrator of the environmental protection agency. prior to h
a time when this wasn't a big problem and we were in an economy where you could make it into the middle class. and some educators say that the passport to middle class used to be the high school diploma. but not anymore. there is a new economy and a new passport to middle class is education beyond high school. and girls seem to be getting at amboise lesson lasts. so i feel that that problem -- i cannot find major organizations or government groups and the department of education is still talking about the shortchange of this because they were deeply influenced by the early research that said the girls weren't shortchanged. so they haven't adjusted to the times. we have the white house counsel, women and girls, concerned about the education of girls so girls don't fall behind. and when it's boys, it's like they are significantly behind girls. so i think we need this as well. >> host: you write that women in the u.s. now earn 62% of the associate degrees and 57% of bachelors degrees and 60% of masters degrees and 52% of doctorates, college admissions officers, they were first baffled and
underpinnings of growth of the innovation economy is decades old, even though it's yielding such innovation. we realize that and said what would've venture investing look like it was invented in 2013 if it was approached from a user experience point of view? you know, what the people really want and how do we make there be less friction in this experience? >> i've started a couple of companies over 30 years. we didn't know what raising capital was all about. light, we have no idea that they were supposed to be a process. is the only the last couple of years i learned there's a process you're supposed to follow. i thought you just go out and keep bugging people until they give you as many millions of dollars as you need. i didn't know there was a process. what you have done in a certain way, you kind of stepped in front -- you changed a little bit. you have commoditized it for small companies because we probably get on average a couple of hundred e-mails a year that say, hey, i've got a great idea but how do i get started? or what do i do once i get the concept of? >> that touches on what of the
side as well, came out and said that is what happens, standard and poor's says the cost economy is $1 million, they just make those numbers up. is not true. wait a minute, standard and poor's is a different agency, they are moving out, that lenders out there and that does have an effect and you take the ordinary citizen and they're trying to decide what is in the best interest of their family or with you want to go in their country and having a hard time making decisions because we have a woman who works in montana, a wonderful friend who does a great job, three times week she comes across a bridge in the river quite wide eyed, you won't believe what i read on the internet. i always say the same thing. i am not going to believe what you read on the internet. >> we talked before hand, we fought to give you a sense of a very personal nature, what comes through in these letters is arthur was not only a preeminent historian, he would have two martinis and go back and write 5,000 words. what comes through with their he is having a dustup with nathaniel buckley or somebody else is the enorm
out so much money or making vitally important decisions for huge sectors of the economy. there just wasn't as much to be gained as there is now. yes sir. i'm sorry. i wasn't even looking. please go ahead. >> i am from ucla and i thought it was funny that you brought up the great congresswoman janet napolitano. my question must be mentioned how she used to this kind of scheme to make money. >> not related to congresswoman janet napolitano, no. >> i hurt you in the past talk abouthatthe investments that cos people make based on their policy choices and i wondered if there was any development with regard to that and whether there's been any legislation passed through on that. >> that's a great question. yes in my last book i looked at the fact that politicians were in a position where an effect they could engage in insider trading and you had members of the senate armed services committee who were deciding what the procurement is going to be of the military budget, which weapons systems are being bought and that they are free and often do trade stocks in the same defense companies. the
'm visiting you here in washington, but the folks in washington seem to put the brakes on the economy every six months or so, right? or even more often than that. so, you know, they're not helping. and with respect to real growth in the economy. i think that americans will put more money into education when the economy is doing better or when they confront the fact that defunding education is actually hurting them and their state. and so i think there's kind of a bigger picture and bigger pressures out there that are going to play on this. and then, of course, you also have legal requirements within -- and constitutional requirements within states. we're certainly one of those states that under our constitution we guarantee an education to every child. there have been tests, we have a very famous test in connecticut, shep v. o'neill, to kneel being former governor that -- to o'neill being former governor that allowed for a super education district overseeing about 41% of the kids in the greater hartford school district and surrounding districts, putting them in different schools than they w
here in washington but the folks in washington seem to put the brakes on the economy every six months or so. or even more often than not. they are not helping and with first act to growth in the economy. i think that americans will put more money into education and the economy is doing better or when they confront the fact that the funding education is actually hurting them and their state, so i think there is a bigger picture and bigger pressures out there at play on this and then of course you also have legal requirements and constitutional requirements within states. we are sadly one of the states that under our con -- constitution require a test for every child. in connecticut we have shaffer's own mail and o'neal being a former governing -- governor that allows a super education district overseeing about 41% of the kids in the greater hartford school district and surrounding districts putting them in different schools that they would otherwise be attending. that is a constitutional answer to an education problem. >> yes, sir. >> thank you governor. i'm sorry. i am very stern a se
of them. head of the liberal party varying associate results. and the facts are there. the economy is growing. average of a %. we have been creating jobs for 40 months in a row. we have a performance of 40 months month after month the unemployment rate coming down. we is can say very proudly that colombia created more jobs than any country. formal jobs instead of informal jobs. not only that, we have put in place specific public policies and taken action to fight poverty and extreme poverty. and besideses peru, which has been the country that has performed better the whole region in term of decreasing property. against the extreme poverty. we have been able to take on extreme poverty. and not only that, one of the big problems we had one of the bottle neck for our sustainability long run was how unequal the country was. the social injustic of the country. we were the second most unequal country in the whole latin america. and we said we were going to break this trend we've had for so many years. where by the economy grew but also the inequality grew. the rich became richer. the po
's economy. i have been sharing with many of the persons i've been talking to a situation which i think there's an opportunity for latin america and the u.s.. there's a new concept that is becoming a very important concept, the concept that is referred to as demographic dividend. the source of growth in the world that was -- that china was some years ago, started to diminish because the negative democratic -- demographic dividend they are having because of population is not increasing. on the contrary, it's decreasing. you have that problem in europe, and you have that problem here in the u.s.. one of the few areas in the world where you have a positive demographic diff depped is latin america where you have young populations, and there you have a tremendous opportunity if the u.s. sees latin america with those eyes. there's a tremendous opportunity to increase the cooperation between the two areas, and even you're going to use -- you're going to need immigration sooner or later if you. -- if you want your economy to continue growing, and that immigration will probably come naturally from the
do to the our economy, secure life. with a look at this as a very real threat. no matter how science fiction it is to think about that happening. it could easily happen. it's our job to stop it. >> host: representative hunter, iran has not ended and f the country for more than 200 just. they have a right to defend themselves. what do you say to that argument? >> guest: iran has invaded other countries do proxy terrorist the they're in syria, ma lebanon. they are in a lot of places doing bad things. they are in afghanistan. so they haven't invaded because that's not what these countries do. what these countries do is when i say countries, countries like afghanistan, prewar, and iran, they have proxy care. they fund, promote and train at actors in their state and then send them out to other countries to destabilize those countries. >> host: front page of "the new york times," i don't know if you saw this story. jihadists groups gain internal across the middle peace. >> guest: that's true. in fact, iraq and syria, ma especially because what you have is this. you have a rat line from syr
economy and efficient utilization of resources. as if change is providing stability, market access and regulatory treatment is critical maintaining the continued investment in the energy infrastructure. my testimony covers many actions to reflect the efforts to make adjustments around the new technologies and resources. i will be happy to answer any questions you have and help you in your oversight responsibilities of the agency. >> thank you. the next witness is mr. clark. >> mr. ranking member and members of the committee i am the newest members and i've had the opportunity to speak before you in a previous job but this is my first opportunity so thank you for the invitation to be here today. in my opinion this is something you referenced the biggest story today is the revolution that's taking place. probably the biggest story in decades and the flood of domestic gas has upended the utility planning model and market fundamentals and it is dramatically impacting where the utilities are putting their money in the build up of the grid. it's about 53% of the electricity produced with
leader knows, this helps our economy. when people receive unemployment benefits, they're spending it. they're spending it in the grocery store, at the hardware store, they're spending it at the auto repair shop to fix their car so they can go out and get a job and go out and go to work. so all of those are reasons that raising the minimum wage is so important, extending unemployment insurance is so important. and one more point before yielding to the assistant majority leader from illinois. it's not welfare, it's unemployment insurance. people pay in when three working working -- when they're working hoping they're not going to collect. so they're collecting their insurance basic. that's what insurance is. things aren't working right, you get unemployment benefits, unemployment insurance, social insurance. that's why this is so important. i yield to the senator from illinois. mr. durbin: will the senator from ohio yield through the claire for a question? officer the senator fromthe pre. mr. durbin: can the senator from ohio recall, it was not that long ago that the issues that we're
authorities, and a highly monetized economy. the book traces the processes by which conflict over true christianity prompted novel conceptions of religioning a separate and send rabil of life, and then analyzes the disimbetting from religion some science, modern moral and political theories, economic views and practices and higher education. an emphasis on doctrinal disagreement is not only wanter warranted but necessary to understand the era. the socially and politically divisive disagreements about what was true, how one ought to live and what matters most in life that emerged within a clinton text in the early 1520s, have never gone away. instead, they have been transformed, they've been modified, they've been expanded, in terms of content and character, even as efforts have been made to contain some manage their unintended and enormous effects. the most important institutional facilitators of the process have been, and remain, modern liberal states. which solve the problems of early modern confessional coexistence. as i note in the introduction of the book the unintended reformatio
that is the origins of the economy. what really changed, major change was when the ford was finally closed in 1898 and when they discovered a different route into the mining districts which people didn't have to go. they were all rail lines. this little town was about to go under but nobody knew this. while all of this was going on there were federal surveys going on in the entire pacific northwest determining what is the marketable timber in this region? right behind me, i don't know if you can see it or not it is basically white pine, william -- millions of acres of white pine. a report was made from a survey in 1898. that report was made public and of course you can guess what happened then. all the major timber companies including the biggest warehouser was diamond international. they came to this area. so that is really what produced the town. when you walk through the town today that was the town that was primarily reduced. the town's population was about 500 in 1900. by 1910 it was almost 8000. coeur d' alene today is a modern progressive city and we depend pretty much not entirely, but tou
was planning to seven months ago but then the economy tanked so i stayed. i think i just got really burned out. she mirrored her eyes and audit almost imperceptibly. yes, that's what it sounds like. i shifted forward again. what is happening to me? am i having a nervous breakdown? i hadn't said that phrase out loud before, but as soon as i did come it sounded perfectly right and strangely hopeful. serious eats temporary. something i would get through, not something i had to live with. reflecting on it later i could see that it also implied catharsis, and internal act of rebellion against the status quo like my spirit was going on strike to protest at the constant mindless activity of my body. well, we couldn't call it a breakdown, that's not a medical term. what would you call it? she looked down at my file for several seconds and then back at me. you may have a depression and anxiety disorder. often people who are depressed have anxiety that you may have both. i have two disorders, i said? i didn't like the sound of this. i still don't. nervous breakdown may not be an accepted medical term bu
without a significant repercussions of the global economy. stopping a deal with iran is nothing compared to all of that. for 34 years, there has not been a conversation on capitol hill about lifting the sanctions. at most, at the outmost generosity of the members, the conversation has been we will be ladies new sanctions for three weeks. that is the best that we have had so far. it's going to be now a completely different paradigm. you have to decide the members from both sides of the idle that will put their name on the legislature that essentially authorizes the congress to lift the sanctions. obviously this cannot come until the very end of the process. also, the iranian counter concession, which is to ratify the additional particle that will have to go through their parliament and the sad thing is it's visible now how the parliament is taking up bad things from congress on how to create more difficulty than just be impossible to deal with. >> but also you have to point out that not all of the sanctions will have to be lifted. the ones related to terrorism and human rights treaties on
participation. .. >> news this month in u.s. economy added 203,000 jobs last month and the unemployment rate fell to 7%, the lowest since november 2008 and exceeding analyst predictions. the labor department releasing those figures earlier today. reaction from capitol hill, house speaker john boehner issued a statement saying in part today's report includes a positive sign that -- >> unemployment benefits start to run out at the end of your for some americans unless congress oks an extension. yesterday, the democratic steering committee held a meeting about this issue and heard from several people who face the loss of unemployment checks. here's a sample. >> i have worked my entire adult life, having had three jobs my whole career. and had never been unemployed until now. as soon as i lost my job, i immediately began my series of search for employment, and begin navigating the world of online doors, job boards, and diligently networking. my goal was to place my resume in the hands of everyone i knew. i have spent the majority of my waking hours looking for work. during this time i was able t
was seven months ago but then the economy changed anodize stayed and i got burned out. she nodded. yes. what is happening to be? and we have bigger breasts breakdown? i have not said the phrase out loud before but as soon as i did it sounded perfectly right to and strangely hopeful but yet temporary. something i would get through not live with. later i could see that also had a catharsis and act of like my spirit was going on and strike a constant mindless activity. we would not call it a breakdown. that is not a medical term. but would you call it? she looked down the back half the for fairview they have a depression mood disorder iran and anxiety disorder people who are depressed often have begs iadb you may have both. i have both? i did not like the sound of this. nervous breakdown reid at the excepted term but it described andy that she was describing a pathology and ran the index figure down the page how you feel about coming on anti-depressant? now we were getting somewhere. call it whatever she liked as long as she made it go way. willoughby feel better? and betty people find they are
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